Mr. Mario Nava:

If I may be precise, it would be correct to say that the Commission proposed those minimum standards to the Council and Parliament. The Council and Parliament adopted the minimum standards. Then the Commission verified that the national law was in compliance with those minimum standards. So the Commission verified that the national law said that banks must have so much capital. Then once the law is there, it is for the national laws for the national supervisor to make sure the banks would respect that minimum standard.